Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Makes New Investment in LKQ Co. (NASDAQ:LKQ)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of LKQ Co. (NASDAQ:LKQ) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,000 shares of the auto parts company’s stock, valued at approximately $47,000.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of LKQ by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 30,245,966 shares of the auto parts company’s stock worth $1,497,478,000 after purchasing an additional 382,054 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of LKQ by 5.5% during the 3rd quarter. Wellington Management Group LLP now owns 10,330,168 shares of the auto parts company’s stock worth $511,447,000 after purchasing an additional 540,259 shares in the last quarter. Morgan Stanley raised its stake in shares of LKQ by 13.7% during the 3rd quarter. Morgan Stanley now owns 9,907,659 shares of the auto parts company’s stock worth $490,528,000 after purchasing an additional 1,195,122 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of LKQ by 4.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,002,807 shares of the auto parts company’s stock worth $430,244,000 after purchasing an additional 383,031 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of LKQ by 2.0% during the 4th quarter. Nordea Investment Management AB now owns 7,292,994 shares of the auto parts company’s stock worth $349,407,000 after purchasing an additional 143,632 shares in the last quarter. 95.63% of the stock is currently owned by institutional investors and hedge funds.

LKQ Price Performance

Shares of NASDAQ:LKQ opened at $41.65 on Wednesday. LKQ Co. has a 1-year low of $41.46 and a 1-year high of $59.38. The firm has a market capitalization of $11.11 billion, a PE ratio of 11.90 and a beta of 1.28. The business’s 50 day moving average is $51.21 and its 200-day moving average is $48.36. The company has a current ratio of 1.47, a quick ratio of 0.53 and a debt-to-equity ratio of 0.59.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Tuesday, April 23rd. The auto parts company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.95 by ($0.13). LKQ had a return on equity of 17.24% and a net margin of 6.75%. The firm had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business posted $1.04 EPS. LKQ’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts predict that LKQ Co. will post 4.07 earnings per share for the current year.

LKQ Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.20 annualized dividend and a yield of 2.88%. LKQ’s payout ratio is 34.29%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Robert W. Baird cut their price target on LKQ from $58.00 to $54.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their price objective on LKQ from $65.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, January 25th. StockNews.com downgraded LKQ from a “buy” rating to a “hold” rating in a research note on Friday, February 23rd. Roth Mkm reissued a “buy” rating and issued a $65.00 price objective on shares of LKQ in a research note on Tuesday. Finally, Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of LKQ in a research note on Friday, April 19th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.60.

Insider Activity

In other news, CEO Dominick P. Zarcone sold 200,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $51.97, for a total transaction of $10,394,000.00. Following the sale, the chief executive officer now owns 386,522 shares of the company’s stock, valued at $20,087,548.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.45% of the stock is currently owned by insiders.

LKQ Profile

LKQ Corporation engages in the distribution of replacement parts, components, and systems used in the repair and maintenance of vehicles and specialty vehicle aftermarket products and accessories. It operates through four segments: Wholesale-North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as mechanical automotive parts and accessories; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.